New York Society of Cosmetic Chemists Inc

Analysis

New York Society of Cosmetic Chemists Inc is a registered charity in United States, based in Mount Freedom, NJ. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York Society of Cosmetic Chemists Inc reported income of $3.9m and spending of $3.0m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $3.9m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 634%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New York Society of Cosmetic Chemists Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Counselling Services Center of Southeastern Erie County Inc ($3.9m), The Foundation for American Innovation ($3.9m) and San Diego Healthcare Quality Collaborative ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 95% of the total. At year end it held assets of $9.4m against liabilities of $2.0m, net assets of $7.4m.